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4 years ago

what would the length of time you have had a checking or savings account help determine your credit score?

Business

1 answer:

GenaCL600 [577]4 years ago

8 0

It shows a pattern of responsibility.

If you have only had accounts for 1 month, it doesn't really give a full picture of whether or not you always make your payments on time, etc. However if you have had accounts for 20 years, creditors have more history to look through to determine if you are responsible.

Keep in mind, checking and savings accounts are not the primary type of accounts that creditors want to look at because those only deal with spending money you already have. Lenders really want to know how you handle money that you <em>borrow</em>, such as school loans, credit cards, rent payments, and auto loans.

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The risk-free rate is 6% and the expected rate of return on the market portfolio is 13%. a. Calculate the required rate of retur

defon

Answer:

The required rate of return is r = 0.1475 or 14.75%

Explanation:

The required rate of return is the minimum return that investors demand/expect on a stock based on the systematic risk of the stock as given by the beta. The expected or required rate of return on a stock can be calculated using the CAPM equation.

The equation is,

r = rRF + Beta * (rM - rRF)

Where,

rRF is the risk free rate
rM is the return on market

r = 0.06 + 1.25 * (0.13 - 0.06)

r = 0.1475 or 14.75%

7 0

3 years ago

During January, Luxury Cruise Lines incurs employee salaries of $2.1 million. Withholdings in January are $160,650 for the emplo

almond37 [142]

Answer:

a. The journal entries for the employee salary expense, withholdings, and salaries payable are the following:

Debit Credit

Salaries expenses account $2,100,000

Federal Income tax payable $315,000

State income tax payable $131,250

FICA social security tax payable $160,650

Blue shield payable $21,000

Cash account $1.472.1000

b. The journal entries for the employer-provided fringe benefits is the following:

Debit Credit

Salaries expenses (Fringe benefit account) $63,000

Blue shield payable $63,000

c. The journal entries for the employer payroll taxes is the following:

Debit Credit

Payroll Tax expense account $290,850

FICA Social security tax payable $160,650

Unemployment tax payable $130,200

Explanation:

a. The journal entries for the employee salary expense, withholdings, and salaries payable are the following:

Debit Credit

Salaries expenses account $2,100,000

Federal Income tax payable $315,000

State income tax payable $131,250

FICA social security tax payable $160,650

Blue shield payable $21,000

Cash account $1.472.1000

b. The journal entries for the employer-provided fringe benefits is the following:

Debit Credit

Salaries expenses (Fringe benefit account) $63,000

Blue shield payable $63,000

c. The journal entries for the employer payroll taxes is the following:

Debit Credit

Payroll Tax expense account $290,850

FICA Social security tax payable $160,650

Unemployment tax payable $130,200

3 0

3 years ago

If you wish to enter the field of soil and

faltersainse [42]

4 year college degree is the minimum educational goal to attain if one wish to enter the field of soil and forest conservation.

The 4 year college degree is tantamount to the Bachelor degree achieved from University, college etc.

Usually, the position of forestry and related job requires the minimum of Bachelor degree from related course in the field of soil and forest conservation.

Hence, the 4 year college degree is the minimum educational goal to attain if one wish to enter the field of soil and forest conservation.

Therefore, the Option C is correct.

Read more about forestry

<em>brainly.com/question/24518939</em>

6 0

3 years ago

Parents may claim a $2,000 child tax credit for a dependent child who is 22 years of age at the end of the year if the child is

Nataliya [291]

Parents may claim a $2,000 child tax credit for a dependent child who is 22 years of age at the end of the year if the child is a full-time student. The Child Tax Credit is a refundable tax benefit claimed by filing Form 1040 claim a tax credit of $2,000 per qualifying dependent child under age 17

<h3>What is Child Tax Credit?</h3>

Different nations offer parents with dependent children a tax advantage known as the child tax credit (CTC). The credit is frequently correlated with the number of dependent children a taxpayer has, as well as occasionally with their income. For instance, only families in the United States who earn less than $400,000 year are eligible to get the entire CTC. Similar to the United States, only families earning less than £42,000 a year are eligible for the tax credit in the United Kingdom.

The federal child tax credit (CTC) in the United States is a tax credit that is only partially refundable for parents of dependent children. Subject to an earned income level and phase-in, it offers $2,000 in tax relief per eligible kid (with up to $1,400 of that amount being refundable).

To learn more about Child Tax Credit from the given link:

brainly.com/question/17395659

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8 0

1 year ago

Risks of global trade include all of the following EXCEPT ________.

mihalych1998 [28]

Answer:

Option e: Increased opportunities for growth

Explanation:

Global trade is simply the exchange of goods between different countries.Trade is an exchange of items between people or countries.Countries are able to obtain goods they need from other countries.

four major risks in international business includes Country risk, commercial risk, cross-cultural risk, and currency risk.

Increased opportunities for growth is not an effect of risk in global trade.

6 0

3 years ago